Archives for July, 2016
Sovereign Trust Insurance PAT hits 97% … holds AGM AUG. 10th
Sovereign Trust Insurance Plc has recorded an improved performance for financial year ended 31st December, 2015 as its Profit After Tax (PAT) recorded 97 per cent surge. The firm grows…
Health experts to brainstorm on emerging deadly diseases
Given the resilience nature of emerging deadly diseases threatening the African continent, global health experts, policy makers, scientists, healthcare professionals, and others will storm Lagos between 27 and 29 July,…
CBN directs authorized dealers to sell foreign currency to BDCs
The Central Bank of Nigeria (CBN) directed the authorized dealers to the approved International Money Transfer Operators (IMTO) to sell foreign currency accruing from inward money remittance to licensed Bureaux…
Nigeria to host African Central Banks Governors meeting
The Central Bank of Nigeria (CBN) has concluded plans to host the 2016 annual meeting of the Association of African Central Banks (AACB) , scheduled to hold in Abuja, from…
UBA partners MasterCard to play in 18 new African markets
United Bank of Africa (UBA) and MasterCard have entered into a partnership which will position UBA to act as issuer for MasterCard in 18 new markets in Africa. With the…
CBN injects fresh loan to Skye Bank
The Central Bank of Nigeria, has injected fresh loan to Skye Bank Plc. to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending…
Wema Bank profitability soars by 10 per cent
Wema Bank Plc’s has made an improved outing in its unaudited results for the six-month ended June 30th, 2016 as it posted a 10 per cent surge in its profitability.…
Lafarge Africa Half-year Profit dips N30bn
Lafarge Africa Plc, a leading cement and building solutions provider, has record loss to the tune of billion for the half year ended June 30, 2016 against a profit after…
NSE collaborates with Dangote Cement on price information scheme
The Nigerian Stock Exchange (NSE) has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers Share Price Information is an offering that…
PenOp calls for prudent pension funds investment
In a bid to ensure sustenance of gains recorded by the Contributory Pension Scheme (CPS) in the last 11 years, the Pension Fund Operators Association of Nigeria (PenOp) has called…